UK feed wheat futures closed at £166.90/t, slightly higher on a weaker pound, while Chicago and Paris wheat fell on abundant global supply. The EU Commission raised its 2025/26 soft wheat forecast to 132.6 Mt, and MARS cut its EU maize yield forecast due to drought in southeastern Europe.
A larger EU wheat crop and lower maize yields in southeast Europe shift feed grain balances, with heavy global supply limiting upside for feed wheat and corn.
After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.